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Centeno confirms advanced post-program monitoring for Greece

At the latest Eurogroup meeting the European Commission recommended an instrument of "strengthened surveillance" for Greece after the completion of its bailout program.

This is according to a letter that Eurogroup head Mario Centeno sent to the council’s members.

The lletter also confirmed Athens has not asked for a precautionary credit line.

Centeno's confirmation about the post-bailout surveillence Greece is to face once it emerges from its third program in August came ahead of the scheduled return to Athens next week of foreign bailout monitors.

Talks between Greek government officials and foreign envoys are expected to start on Wednesday May 16.

Greece is hoping to secure a staff level agreement ahead of a summit of eurozone finance ministers on May 24.